Short Interest in Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) Increases By 106.0%

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) was the target of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 2,476 shares, a growth of 106.0% from the May 14th total of 1,202 shares. Based on an average daily trading volume, of 11,531 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Art’s-Way Manufacturing from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday, April 16th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Art’s-Way Manufacturing Stock Performance

NASDAQ:ARTW traded up $0.01 during mid-day trading on Friday, reaching $2.64. The stock had a trading volume of 11,881 shares, compared to its average volume of 13,422. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.58 and a current ratio of 2.02. The firm has a market capitalization of $13.68 million, a price-to-earnings ratio of 10.56 and a beta of 0.96. Art’s-Way Manufacturing has a twelve month low of $1.73 and a twelve month high of $4.71. The business has a 50 day simple moving average of $2.60 and a 200 day simple moving average of $2.43.

Art’s-Way Manufacturing (NASDAQ:ARTW) last announced its quarterly earnings data on Monday, April 13th. The industrial products company reported $0.04 EPS for the quarter. Art’s-Way Manufacturing had a net margin of 5.26% and a return on equity of 0.98%. The firm had revenue of $6.64 million during the quarter.

Institutional Investors Weigh In On Art’s-Way Manufacturing

Hedge funds and other institutional investors have recently modified their holdings of the stock. Susquehanna International Group LLP acquired a new stake in shares of Art’s-Way Manufacturing during the 3rd quarter valued at approximately $47,000. XTX Topco Ltd acquired a new stake in shares of Art’s-Way Manufacturing during the 4th quarter valued at approximately $51,000. Dimensional Fund Advisors LP lifted its position in shares of Art’s-Way Manufacturing by 9.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 44,679 shares of the industrial products company’s stock valued at $93,000 after acquiring an additional 3,899 shares during the period. Citadel Advisors LLC acquired a new stake in shares of Art’s-Way Manufacturing during the 3rd quarter valued at approximately $108,000. Finally, DRW Securities LLC acquired a new stake in shares of Art’s-Way Manufacturing during the 4th quarter valued at approximately $150,000. 2.91% of the stock is currently owned by institutional investors and hedge funds.

About Art’s-Way Manufacturing

Art’s-Way Manufacturing Co, Inc (NASDAQ: ARTW) is a diversified industrial company that designs, manufactures and markets a range of agricultural and building products. The company’s agricultural equipment segment produces feed grinders, mixers, conveyors and related implements used in livestock and crop‐feeding operations. These products are engineered to streamline feed preparation and delivery for hog, beef and dairy producers across North America.

In its building products segment, Art’s-Way offers prefabricated steel structures, modular shelters and portable storage solutions suitable for agriculture, industrial and commercial applications.